Exxonmobil Investment Management Inc. TX Has $11,530,000 Position in General Motors Co. (GM)
Exxonmobil Investment Management Inc. TX boosted its stake in shares of General Motors Co. (NYSE:GM) (TSE:GMM.U) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 362,921 shares of the auto manufacturer’s stock after buying an additional 210 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in General Motors were worth $11,530,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of GM. Kovitz Investment Group Partners LLC bought a new position in General Motors during the first quarter worth $56,200,000. Nippon Life Insurance Co. boosted its position in General Motors by 0.5% in the second quarter. Nippon Life Insurance Co. now owns 59,369 shares of the auto manufacturer’s stock worth $1,680,000 after buying an additional 267 shares in the last quarter. Foundry Partners LLC boosted its position in General Motors by 9.2% in the third quarter. Foundry Partners LLC now owns 492,090 shares of the auto manufacturer’s stock worth $15,634,000 after buying an additional 41,550 shares in the last quarter. Sterling Capital Management LLC boosted its position in General Motors by 8.5% in the second quarter. Sterling Capital Management LLC now owns 2,927,707 shares of the auto manufacturer’s stock worth $82,854,000 after buying an additional 228,532 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in General Motors by 31.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,921,761 shares of the auto manufacturer’s stock worth $110,986,000 after buying an additional 947,802 shares in the last quarter. Hedge funds and other institutional investors own 71.41% of the company’s stock.
General Motors Co. (NYSE:GM) traded up 0.03% during mid-day trading on Monday, reaching $33.01. 11,667,139 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $32.11 and its 200-day moving average price is $31.10. The company has a market capitalization of $50.32 billion, a P/E ratio of 3.77 and a beta of 1.42. General Motors Co. has a 52 week low of $26.69 and a 52 week high of $36.88.
General Motors (NYSE:GM) last posted its quarterly earnings data on Tuesday, October 25th. The auto manufacturer reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.28. General Motors had a net margin of 8.58% and a return on equity of 23.22%. The company earned $42.80 billion during the quarter, compared to the consensus estimate of $39.11 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that General Motors Co. will post $6.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Wednesday, December 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Monday, December 5th. General Motors’s payout ratio is currently 17.41%.
A number of equities research analysts have recently commented on the stock. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 target price on shares of General Motors in a research report on Thursday, August 11th. Seaport Global Securities assumed coverage on shares of General Motors in a research report on Tuesday, August 9th. They issued a “buy” rating and a $42.00 target price for the company. Vetr cut shares of General Motors from a “buy” rating to a “hold” rating and set a $32.84 target price for the company. in a research report on Monday, November 7th. Argus reiterated a “hold” rating on shares of General Motors in a research report on Thursday, July 28th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $34.00 target price (up from $32.00) on shares of General Motors in a research report on Sunday, July 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. General Motors presently has a consensus rating of “Hold” and an average price target of $36.39.
In other news, VP Thomas S. Timko sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total transaction of $199,625.00. Following the completion of the sale, the vice president now owns 27,477 shares in the company, valued at approximately $877,615.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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